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Columbia Financial Unveils $597M Northfield Bancorp Merger, Second-Step Conversion Plan for 2026
Yahoo Finance· 2026-02-03 02:58
Kemly said the combined organization would become the third-largest regional bank headquartered in New Jersey, with pro forma total assets of about $18 billion and more than 100 branches across 14 New Jersey counties, plus Brooklyn and Staten Island. He also said the company expects to hold the No. 1 deposit share for community banks in the Brooklyn and Staten Island market.Kemly said the deal is valued at about $597 million, or 0.86x Northfield’s tangible book value. Consideration will be paid in stock or ...